HomeMy WebLinkAbout3. combined memo and strategic plan summaryCity of Lakeville
Community & Economic Development
Memorandum
To: Economic Development Commission
From: David L. Olson, Community & Economic Development Director
Copy: Justin Miller, City Administrator
Kati Bachmayer, Economic Development Coordinator
Date: June 22, 2021
Subject: Review of 2020-2023 Strategic Plan for Economic Development
The EDC approved the 2020-2023 Strategic Plan for Economic Development in February of
2020. The City Council approved the plan in March of 2020. A copy of the Plan Summary is
attached and the complete plan is linked HERE.
Almost immediately after the City Council’s approval of the 2020-2023 Strategic Plan on
March 16th, City Economic Development staff’s efforts became focused on dealing with the
issues that COVID 19 was causing for Lakeville businesses. These efforts included: weekly
special edition Thrive! newsletters, determining appropriate temporary policies for operation
of certain types of retail and hospitality businesses, and the administration of three rounds
grant funding to Lakeville businesses and non-profits which totaled over $1.1 million.
This unanticipated and unprecedented event put our Strategic Planning activities and
initiatives on hold for more than one year. Now that things are getting closer to “normal,” it
seems appropriate to revisit the Strategic Plan that was adopted prior to the pandemic.
Staff will facilitate the discussion and provide updated information on a number of the
Strategic Priorities in the current plan. It would be appropriate to discuss whether the current
Strategic Plan Priorities are still applicable.
Action Requested: Provide feedback to staff on the current Strategic Plan.